Bougainville Copper

The Bougainville Copper Ltd.. (BCL ) is an Australian copper, gold and silver mining company. She is the owner of one of the largest open pit mines in the world, Pangunamine on the Papua New Guinea island of Bougainville belonging. In addition to the Pangunamine BCL include seven mining licenses on Bougainville, for which there is currently a moratorium on mining. During the 1970s and 1980s, the income of BCL contributed about 20 % significantly to the financing of Papua New Guinea - state budget.

Shareholder

Main shareholders of Bougainville Copper Ltd.. the Rio Tinto Group ( 53.6 %), the State of Papua New Guinea ( 19.1 %) and the European Shareholders of Bougainville Copper ( ESBC ) with about 4%. The remaining 23 % of shares are held by small shareholders, of which a large part on the island of Bougainville is located.

Office of the Company and the Executive Board

Port Moresby ( Papua New Guinea) and Sydney ( Australia).

Chairman: Peter R. Taylor

Company Secretary: Paul Coleman

History

After 17 years in the Bougainville Copper Ltd has. on May 15, 1989 reduction in the Pangunamine set. The precipitous closure of the open pit had become necessary as a result of increasing life-threatening attacks of Francis Ona Bougainville Revolutionary Army. The conflict over the Panguna mine quickly became the province -wide Bougainville crisis.

In his first statement after the election of the President of the autonomous government of Bougainville John Momis has announced the reopening of the Pangunamine in the Australian national radio stations Pacific Beat on 8 June 2010.